21 December 2012

Angola: Minea to Get AKZ 334 Billion From State in 2013

Luanda — The Ministry of Energy and Water (MINEA) is expected to receive about Akz 334 billion in 2013 from the National Plan and the State Budget to cover the implementation of programmes and othere strategic priorities concerning the sector.

This was announced Thursday in Luanda by the minister of Energy and Waters, João Baptista Borges, during his end of year speech, stressing that based on programmes and priorities outlined by the sector, the National Plan and State Budget for 2013 is to approve about Akz 334 billion for MINEA.

According to the minister the above amount represents an increase of about 170 percent as compared to 2012, which demonstrates the priority that the Government and the head of State, José Eduardo dos Santos, attributes to MINEA. Minister João Baptista Borges stressed that 227 billion of the amount will be used in projects of the electrical sector for the construction of the hydroelectric Dams of Capanda II, Laúca and Soyo.

The minister also informed that Akz 107 billion will be used in the implementation of projects in the water sector, with stress to those in Bita and Quilonga Grande stations, as well as in projects of rehabilitation of water systems from the provincial capitals and of 120 other districts.

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